Enjoy effortless budgeting while automatically splitting your payments between sub-accounts!
This feature helps with budgeting directly from the source! Once you get paid, you choose how much you’d like to transfer between sub-accounts. Set it up once and never have to worry about it again. What’s new? You can now choose any sub-account or IBAN, no matter from what bank.
What is a Payment Sorter? 🔎
Automagically let incoming payments flow to sub-accounts, your savings goals or any IBAN from any bank. Be it your landlady, a charity close to your heart or the ski trip you're saving up for, you're sorted month after month!
How does the Payment sorter work in the bunq app?
This feature can be used for any recurring incoming payment, like a salary or a payment made regularly from a friend, relative or organization.
When you receive this payment, you only need to set it up once, and that’s it. You can also enable it at another time by following the steps below:
- Go to Home tab
- Select your sub-account
- Select the transaction to be sorted
- Select Sort
- Select Next
- Select the amount you want to be forwarded to the different account and confirm. While choosing the amounts you can choose to sort by % or amount.
You can check all your sorted payments by going to the desired sub-account and tapping on Settings in the right corner of your screen. Select Auto Sorted Payments.
Keep in mind that you can't re-sort a recurring payment which was already sorted this month. You'll have to wait for the next recurring payment in order to sort it again.
Can Business users sort their payments while AutoVAT is enabled?
Yes! These can both be enabled at the same time. If both are set up, AutoVAT will be deducted first and the rest of the amount will be sorted according to your preferences.
Who can sort payments automatically?
You'll be able to easily split your salary or any recurring incoming transfer with an Easy Money or Easy Green plan.
Important note: The feature can't be used with any of the Local Currencies we currently provide.
What if the amount differs from one month to another?
That’s not a problem! As long as the amount is high enough to make the sorting possible, the payment sorter will do its job and transfer the amounts you chose to all the sub-accounts concerned.
Read more about the Payment Sorter on our blog 🌈
Want to learn more?
Explore more bunq knowledge here. 🌈